HGear: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HGear
Largest movements
- Stocks and contracts +€9,227
up €9,227 (+331%), from €2,784 to €12,012
- Cash -€4,500
down €4,500 (-20.9%), from €21,512 to €17,012
mainly Tax, wage and social debts (-€20,551) and Stocks and contracts (-€9,227)
- Tangible fixed assets -€3,650
down €3,650 (-49.6%), from €7,352 to €3,702
of which Furniture and vehicles: -€1,978
- Receivables within one year +€1,473
up €1,473 (+5.5%), from €26,991 to €28,464
- Tax, wage and social debts -€20,551
down €20,551 (-56.4%), from €36,453 to €15,902
of which Remuneration and social security: -€14,670
- Other debts +€19,781
up €19,781 (+815%), from €2,426 to €22,208
- Reserves +€10,616
up €10,616 (+130%), from €8,175 to €18,791
- Trade debts -€7,221
down €7,221 (-79.2%), from €9,111 to €1,891
- Gross operating margin +€15,515
up €15,515 (+245%), from €6,330 to €21,845
- Taxes +€1,477
up €1,477 (+39.7%), from €3,720 to €5,198
- Financial charges +€1,360
up €1,360 (+496%), from €274 to €1,634
- Depreciation +€728
up €728 (+24.9%), from €2,922 to €3,650
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,167 | €61,792 | +€2,625 | +4.4% |
| Fixed assets | 21/28 | €7,352 | €3,702 | -€3,650 | -49.6% |
| Tangible fixed assets | 22/27 | €7,352 | €3,702 | -€3,650 | -49.6% |
| Plant, machinery and equipment | 23 | €4,072 | €2,400 | -€1,672 | -41.1% |
| Furniture and vehicles | 24 | €3,280 | €1,302 | -€1,978 | -60.3% |
| Current assets | 29/58 | €51,814 | €58,090 | +€6,275 | +12.1% |
| Stocks and contracts in progress | 3 | €2,784 | €12,012 | +€9,227 | +331% |
| Stocks | 30/36 | €2,784 | €12,012 | +€9,227 | +331% |
| Amounts receivable within one year | 40/41 | €26,991 | €28,464 | +€1,473 | +5.5% |
| Trade receivables | 40 | €26,991 | €28,464 | +€1,473 | +5.5% |
| Cash at bank and in hand | 54/58 | €21,512 | €17,012 | -€4,500 | -20.9% |
| Deferred charges and accrued income | 490/1 | €527 | €602 | +€75 | +14.2% |
| Total equity and liabilities | 10/49 | €59,167 | €61,792 | +€2,625 | +4.4% |
| Equity | 10/15 | €11,175 | €21,791 | +€10,616 | +95.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,175 | €18,791 | +€10,616 | +130% |
| Distributable reserves | 133 | €8,175 | €18,791 | +€10,616 | +130% |
| Amounts payable | 17/49 | €47,991 | €40,001 | -€7,990 | -16.6% |
| Amounts payable within one year | 42/48 | €47,991 | €40,001 | -€7,990 | -16.6% |
| Trade debts | 44 | €9,111 | €1,891 | -€7,221 | -79.2% |
| Suppliers | 440/4 | €9,111 | €1,891 | -€7,221 | -79.2% |
| Taxes, remuneration and social security | 45 | €36,453 | €15,902 | -€20,551 | -56.4% |
| Taxes | 450/3 | €21,783 | €15,902 | -€5,881 | -27.0% |
| Remuneration and social security | 454/9 | €14,670 | - | -€14,670 | |
| Other amounts payable | 47/48 | €2,426 | €22,208 | +€19,781 | +815% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,922 | €3,650 | +€728 | +24.9% |
| Other operating charges | 640/8 | €772 | €748 | -€24 | -3.1% |
| Gross operating margin | 9900 | €6,330 | €21,845 | +€15,515 | +245% |
| Operating profit (loss) | 9901 | €2,636 | €17,447 | +€14,811 | +562% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €274 | €1,634 | +€1,360 | +496% |
| Recurring financial charges | 65 | €274 | €1,634 | +€1,360 | +496% |
| Profit (loss) for the period before taxes | 9903 | €2,362 | €15,813 | +€13,451 | +569% |
| Income taxes | 67/77 | €3,720 | €5,198 | +€1,477 | +39.7% |
| Profit (loss) for the period | 9904 | -€1,358 | €10,616 | +€11,974 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,358 | €10,616 | +€11,974 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.